As blockchain technology continues to evolve rapidly, the cryptocurrency ecosystem continues to expand and become more and more popular. At a time when the internet is having a significant impact on the way we communicate, create, interact and interact with each other as a society, blockchain technology seeks to transition the internet into the iteration of web 3. This iteration describes the third generation of the evolution of web technologies. Cryptocurrencies, NFTs and Decentralized Finance (DeFi) are being fully integrated into society, replacing traditional centralized banking institutions.
This article will explore how three specific crypto tokens can help the internet’s transition to its new iteration.
Can BIG have an impact on crypto?
If there’s one way to ease the transition to web 3, it’s by being distinctive and authentic, and that’s exactly what the community-driven coin BIG is. BIG is distinguished from other meme coins by its choice of mascot, a wide-eyed cat designed in the popular Japanese computer-generated animation known as “anime.” This contrasts with the traditional branding of popular meme tokens such as Dogleon Mars, Shiba Inu, and Dogecoin, all of which characterize themselves as “dog coins.” With Big Eyes featuring an anime style cat as their mascot, it immediately gives them a unique selling point, an area that has not been explored significantly in the crypto meme sector.
In addition, Big Eyes is also a community-controlled token that intends to protect a vital part of the global environment by transferring wealth to the decentralized financial ecosystem. It aims to give more to crypto by building a blockchain ecosystem that propagate itself for hypergrowth. It will do this using NFTs to provide access to more events and content that make the blockchain hype ship worth getting into.
In addition, BIG aims to donate 5 percent of its earnings to ocean charities — an aspect that should entice people and aptly link to the theme of cats with their stereotypical delight in fish. Big Eyes plans to have 90 percent of its 200,000,000,000 tokens available at launch – highlighting its increased availability to the average crypto buyer. An anti-elitist attitude is very welcome by most in the community.
The fast and secure network Litecoin (LTC)
If there is one cryptocurrency that can contribute to the gradual internet transition, it is LTC, a blockchain network designed to provide users with secure, fast and cheap payments by leveraging the unique properties of blockchain technology.
Essentially, LTC is a peer-to-peer cryptocurrency which is an open-source, global payment network that is completely decentralized without any targeted authority.
LTC is the second most popular pure cryptocurrency behind Bitcoin due to its substantial industry support, liquidity and trading volume. Key features include improved storage efficiency and fast transaction confirmation times. For these reasons, Litecoin has the potential to further improve crypto as it enhances blockchain technology by exhibiting high speed and cost-effectiveness.
The proof-of-stake network — Cardano (ADA)
Cardano (ADA) is known as a proof-of-stake cryptocurrency that aims to provide ‘innovators, visionaries and changemakers’ to bring positive evolution internationally. The proof-of-stake consensus mechanism is used to create new blocks in blockchains and process transactions. Cardano’s derivation is a 16th-century Italian polymath Gerolamo Cardano. It is also the first blockchain network based on peer-reviewed research and developed through evidence-based procedures.
Essentially, the ADA currency exists to redistribute control from inexplicable structures to the margins while driving progress and positive change. With a current market cap of $14,871,746,454 and ranked eighth on CoinMarketCapCardano has shown that it has the potential to advance the internet through its efficient blockchain technology.
More information about Big Eyes:
Emily Milton is Head of Communications at New Age Digital.